Buffet Has Ajit’s Back

In this year’s annual newsletter to shareholders of Berkshire Hathaway, legendary investor Warren Buffet again raves about Ajit Jain, head

of Berkshire’s reinsurance business, who is often tipped as Buffet’s successor: “If Charlie, I and Ajit are ever in a sinking boat — and you can only save one of us — swim to Ajit.” In his 2009 newsletter, Buffet recalled: “Ajit came to Berkshire in 1986. Very quickly, I realized that we had acquired an extraordinary talent. So I did the logical thing: I wrote his parents in New Delhi and asked if they had another one like him at home. Of course, I knew the answer before writing. There isn’t anyone like Ajit.”